Sunday, 21 January, 2018

Citi Sets Odds For Apple-Netflix Merger

There is a 40% chance Apple will acquire Netflix, according to Citi (AAPL, NFLX) Citi Sets Odds For Apple-Netflix Merger
Devin Neal | 03 January, 2018, 01:11

"The firm has too much cash - almost $US250 billion - growing at $US50 billion a year".

Citigroup's Suva and Merchant ranked Netflix ahead of Disney, Electronic Arts, Activision, Take-Two, Tesla and Hulu among Apple's potential acquisition targets. Before that upgrade, another analyst suggested there's a relatively high probability we will see Apple buying Netflix. Apple wants to get benefited from this by using its $252 billion cash stored in foreign jurisdiction. But a pair of analysts from financial giant Citi think there's a good chance Netflix itself may soon become part of an acquisition that eclipses the Disney/Fox deal: they believe there's a 40 percent likelihood that Apple will acquire the streaming service.

This may not be the case for long though, as a new report claims that Apple might be looking to turn Netflix from foe to friend by acquiring it outright.

Besides the Apple-Netflix speculation, the streaming company's shares may have also been boosted by Macquarie Research's recommendation in a note written to clients on Tuesday.

Kulbhushan Jadhav 'meets' wife, mother through a glass screen
Indian Government was informed about the glass wall. "There is a list of 15 names we have given to India asking for details on them".

As to how much a Netflix acquisition is going to cost Apple, the analysts estimate about a third of the company's total war chest will be spent, Ubergizmo reports. Under the new taxing rules, Apple will be able to repatriate about $220 billion in cash to the US. It'll have money to burn, and spending it to disturb the streaming market seems like a very Apple thing to do. Let us know below.

Apple has recently dipped a toe into content creation: Jennifer Aniston and Reese Witherspoon will be in Apple's first scripted video series. So how much is Netflix worth? By purchasing Netflix, Apple could jump start its streaming efforts in a really major way. In August 2017, the Wall Street Journal reported that Apple plans to invest roughly $1 billion to procure and produce original content over the next year.

There is no indication as well of where Apple is planning to showcase the original streaming content, but rumors point towards a new updated and changed platform on Apple Music which would offer both Apple's originally produced television shows, movies and music. The boost in original content will result in a $2 billion saving in licensing fees, the analyst said.

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